Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Webtoon Entertainment Inc shares valued at $100,010 were purchased by Kim Namsun on Aug 21 ’24. At $13.90 per share, Kim Namsun acquired 7,195 shares. The insider’s holdings grew to 7,195 shares worth approximately $82382.75 following the completion of this transaction.
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Also, Kim Junkoo purchased 22,596 shares, netting a total of over 268,440 in proceeds. Following the buying of shares at $11.88 each, the insider now holds 905,070 shares.
Before that, Kim Junkoo had added 18,935 shares to its account. In a trade valued at $241,263, the insider bought Webtoon Entertainment Inc shares for $12.74 each. Upon closing the transaction, the insider’s holdings increased to 18,935 shares, worth approximately $10.58 million.
As published in their initiating research note from HSBC Securities on September 04, 2024, Webtoon Entertainment Inc [WBTN] has been a Buy and the price target has been revised to $23. Analysts at Morgan Stanley started covering the stock with ‘”an Equal-weight”‘ outlook in a report released in late July. As of July 22, 2024, JP Morgan has initiated its “Neutral” rating for WBTN. Earlier on July 22, 2024, Goldman initiated its rating. Their recommendation was “a Buy” for WBTN stock.
Analyzing WBTN Stock Performance
During the last five days, there has been a surge of approximately 5.92%. Over the course of the year, Webtoon Entertainment Inc shares have dropped approximately -50.22%. Nevertheless, trading volume fell to 0.58 million shares from 0.28 million shares the previous day.
Support And Resistance Levels for Webtoon Entertainment Inc (WBTN)
According to the 24-hour chart, there is a support level at 11.16, which, if violated, would cause prices to drop to 10.87. In the upper region, resistance lies at 11.62. The next price resistance is at 11.79. RSI (Relative Strength Index) is 52.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.12, which suggests the price will decrease in the coming days. Percent R is at 40.68%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
